Glen Taylor will remain the controlling owner of the Timberwolves as the closing of the next 40% of the sale to Alex Rodriguez and Marc Lore “did not occur” according to a statement. Glen Taylor: “The Timberwolves and Lynx are no longer for sale.”
@ChristopherHine So hold on... ARod&ML owns 60% (30% each) and Taylor keeps the last 40% which makes him the controlling owner?!?
@ChristopherHine Chris, Marc and Alex are still minority owners though, correct? They just didn’t get controlling ownership or they’re fully out?
@ChristopherHine ‘ but…. The check is in the mail.’ - ARod
@ChristopherHine Glen is giving “salty old man” and hanging on to the wolves now that they’re good.
@ChristopherHine This is all very confusing. Did Glen change his mind, and made sure they missed the deadline? Or were they late putting the final payment in? Glen is not a spring chicken. They may just have to wait him out.
@ChristopherHine I wish one of his family members had some interest in taking over ownership, so we could be assured that they will stay in MN long-term.